These Analysts Revise Their Forecasts On Union Pacific After Q3 Results
Union Pacific Corp. (NYSE:UNP) on Thursday reported better-than-expected third-quarter earnings and revenue.
Union Pacific reported adjusted earnings of $3.53 per share, up 15% year over year and beating analysts’ consensus estimate of $3.47. Revenue increased 15% to $7.197 billion, exceeding Wall Street’s estimate of $7.125 billion.
Union Pacific reaffirmed its outlook for high-single-digit earnings-per-share growth in 2026 and pricing gains above inflation. The railroad also updated its 2026 capital spending plan to $3.5 billion, reflecting investments in growth and the acceleration of projects previously scheduled for 2027.
“Union Pacific’s third quarter results demonstrate our ability to safely deliver the service we sold to our customers while efficiently handling six percent volume growth,” said Jim Vena, Union Pacific Chief Executive Officer. “We executed at a consistently high level, enabling record financial results and further reinforcing our position as the industry leader. We look forward to the upcoming steps of the Surface Transportation Board’s merger review process and to delivering the benefits of America’s first transcontinental railroad for our customers.”
Union Pacific shares fell 1.4% to trade at $293.97 on Friday.
These analysts made changes to their price targets on Union Pacific following earnings announcement..
- TD Cowen analyst Jason H. Seidl maintained the stock with a Buy and raised the price target from $325 to $328.
- RBC Capital analyst Walter Spracklin maintained the stock with an Outperform rating and raised the price target from $326 to $335.
- Evercore ISI Group analyst Jonathan Chappell maintained the stock with an Outperform rating and raised the price target from $324 to $329.
- JP Morgan analyst Brian Ossenbeck maintained the stock with a Neutral and cut the price target from $322 to $321.
- Citigroup analyst Ariel Rosa maintained the stock with a Buy and raised the price target from $338 to $348.
Photo via Shutterstock